Invest in Real Estate

Rentals

A Guide to Real Estate Investments

Looking for a way to supplement your annual income? Investing in rental properties in the Lake Norman area is a great way to earn extra money and diversify your investment portfolio. Compared to traditional stock investments, rental properties yield a greater cash flow and increase over time without chipping away at your initial investment.

When done right, investing in rental properties can allow you to retire early and put aside money for family members down the road. Use this page as your guide for investing in real estate in the Lake Norman area.

If you ever have any questions about real estate in the Lake Norman area, please give us a call at (704) 902-6755.


About Investing

Whether you're looking to purchase a foreclosure property and "flip it" or want to buy a multiple-family apartment building to rent out to tenants, real estate investment is a solid financial decision when done right. 

How you do know which investment is right for you? That depends on a number of different factors.

What to Look For in an Investment

How's the location?

Location is key to investing in rental properties. You have to make sure the property is in a place that people want to live. Luckily, the communities surrounding Lake Norman are highly sought-after due to their proximity to fun, charming local atmospheres, and picturesque landscapes.

Will the house need a lot of repairs?

If you're thinking of investing, it's crucial to have it properly inspected. Factor in any big repairs you may need to make to make the property livable. Do a lot of math here to make sure you're getting a solid investment. Will you need to replace the roof or HVAC system in a couple of years? Determine how much that will cost and create a nest egg that's always available for this purpose.

Will the investment bring in money?

One trick is to use the 1% rule. If you spend $100,000 on a property, it should bring in 1% of its worth, $1000, every month to make it worth it. Don't overestimate the value of your home. Do research on rent payments on similar properties in the area. How does your investment compare?

Do I need a property manager?

Being a landlord can come with unexpected headaches. To cut down on the stress, consider hiring a property manager to handle your duties as a landlord. Property managers tend to charge around 10% of the monthly rent, plus a fee for procuring tenants.

If you need a recommendation for property managers in the area, feel free to give me a call.


Opportunities for Investing

If you're just beginning your investment journey, it may be wise to "start small" by purchasing a single-unit or duplex property. Browse some of our top rental properties on the market below.

Browse Rental Properties for Sale

Search for Properties

Know Your Area

When it comes to investing in the right rental property, location is key. Learn more about the communities surrounding Lake Norman by perusing our local area guides.


Enlist the Help of an Investment Expert

When it comes to real estate investments in the Lake Norman area, I have three goals for helping my clients find success:

Assist clients in identifying financially lucrative properties that will yield a large cash flow every month.

Analyze existing properties to determine how well they are performing.

Help investors build their wealth for early retirements or to pass on to their family members down the road.

If you're considering investing in the Lake Norman area, but aren't sure where to begin, please reach out to me. I would love to leverage my real estate expertise to help you build wealth and achieve your goals.

Based on information submitted to the MLS GRID as of 11/30/20 03:46 PM. All data is obtained from various sources and may not have been verified by Michael White or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. This data is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.

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